Making Cryptocurrency a Real World Payment and Settlement Infrastructure

（2018.11.29）KINGS and the international investment giant Tai Yi group have announced a strategic partnership at the Japan Blockchain technology summit.

（2018.11.1）Announcement of Strategic Business Alliance and Joint Development between KINGS and Lakala has been made

KINGS Project

「Making Cryptocurrency a Real World Payment and Settlement Infrastructure 」

In 2018, the concept of virtual currencies has undoubtedly achieved a certain degree of societal acceptance. However, for many individuals, the term virtual currency has negative associations that are likely to have been influenced by incidents involving the large-scale losses of virtual currencies on major exchanges, and/or by regulations made by governing authorities around the world.

Virtual currencies have come to be considered as speculative entities that exist only in a world of thoughts and ideas, as something that is only valid in a virtual context, or as something that is "virtual, just as the name implies, and invisible by normal means."

The goal of the KINGS project is to address this situation by turning virtual currency into a real-world payment infrastructure.

What We Do

Issuance of KINGS Token

Development of the KINGS Token (KING) based on ERC20 and engage in service development, patent application, and regulatory procedures.

Establishing a Payment Service and Infrastructure

Expand the area of payment services through partnering with payment terminals, POS terminal makers, and distribution companies.

Expansion of Service Area

Deploy payment service at our partnered resort facilities and aim to expand service areas to nearby facilities.

Six Features of KINGS

Improvement of transaction accuracy

We KINGS have sufficiently verified Plasma and Raiden Network technology. We will further openly incorporate technologies to solve Payment and Settlement Process Speed.
(Please note that there are possibilities to develop our original chain.)

Infrastructure Stability

No matter how good the technology is, it is meaningless unless it is accepted by the community and/or can be operated under stable nodes. To solve this stability issue, KINGS will be based on Ethereum.

Usage in Offline Environments

Development by KINGS is a proprietary technology that enables secure payment and settlements in an offline environments using IC cards. (Patents are pending. Details will be release after patent is acquired)

Settlement ・ Point-of-Sale Terminal (POS)

Many Cryptocurrency Development projects lack the viewpoint of blockchain “ecosystem.” KINGS will go further than just simply issuing cryptocurrencies. We will aggressively invest in development of Settlement Terminals and POS Terminals.(There are possibility of strategic alliance )

Volatility Issues

By separating Technology Provider with Operator from the concept of Linked Coins, KING is possible to manage PEG coins as well as Fluctuating Coins.

Creating Market Needs (usable place)

KINGS will not only invest in technology, but will proactively invest and collaborate to ensure a more “usable place.”

KINGS Token

Currency Symbol / Units

KING

Standard

ERC-20
※ possibility of shifting to original blockchain in 2020

Currency Type

Utility Token

Total Number of Tokens to be Issued

40,000,000,000 KING *

* for tokens to be generally distributed (except OEM), the maximum will be 4 billion (TBD)

With regards to private pre-sales and crowdsales, the transfer of the token is prohibited in any way until the token is listed on the exchange.

Road map

Of Pre-Sale Start

Purchase of KINGS Token (KING) acquisition rights is given only for the individuals who agree with KINGS vision. KING Token will be developed based on ERC20, and only after development is completed, the tokens will be issued and distributed.

2018.2.8

ICO and Project Launch

KINGS is officially launched and ICO started. Further, tokens are distributed to holders of token acquisition rights. After ICO is completed, work begins on token improvement, payment terminal, application development, legal support, various required facilities, partnership work, and etc.
** ICO may not be executed depending on market situation.

2018.9

Listing on the Exchange

KING is listed on the exchange and will be available to the public. As a result, there will be more liquidity. Please note that there is the possibility of KING being listed on several other exchanges.

2018.10

Hardware Wallet Release

Hardware wallet is released allowing safe and secure management of KING Tokens. Main payment terminals are constructed for deployment focusing on resort hotels and high-end commercial facilities.

2019.1Q

Luxury Entertainment Cruise Ship Hotel Release

The cashless entertainment cruise ship hotel affiliated with KINGS will start operating mainly from Japan, Hong Kong, and Singapore. KINGS Payment and Settlement platform will be adopted to this Luxury Entertainment Cruise Ship Hotel and not only will lodging, food, beverages, and entertainment will be able to be paid and settled thru Cashless System, but gaming as well.

2019.4Q

Subsequent Deployment to High-End Resort Hotels Around the World

Through proof of viability based on operational data from ship hotel facilities, KINGS payment system (including features such as dedicated wallet development) is successively offered to more high-end resort hotels and related and non-related facilities.

2020.2Q

White paper

Our team

The KINGS Project Core Team comprises with specialty experts richly experienced in fields such as distribution in the Asian market, payment and settlement, POS device development, resort style hotel produce, block chain / ICO, and marketing in the entertainment field. Furthermore, Board of Directors consists with professional influential industrial members such as former advisor of Tencent Holdings, former vice-president of Avex China, and former COO of Huawei Technologies. We are building a Payment and Settlement infrastructure framework for real society.

William Tien

William Tien

Born in Singapore, William has several decades of business experience in Australia and served as the Chairman and CEO of a technology firm listed on the Australian Securities Exchange in 1999. He is the CEO of the legal tender exchange and wallet development firm TiENPAY. He has over 15 years experience in the mobile wallet development industry, and he successfully productized a variety of digital devices. Recently he has been involved in providing technical and legal support for multiple ICO projects. At KINGS he provides technical support, device development, and legal and financial advice on multiple countries and regions.

Ma Hua

Ma Hua

Hua served as a Tencent consultant from 2010-2011. Having worked as Vice President at Avex China and Vice President at Media Asia China (Hong Kong's largest exchange-listed production firm) he currently serves as Vice President at HLCG, a major Chinese movie distribution firm. He has vital career experience as Vice President at multiple listed firms. With his deep understanding of the event, consulting, and digital marketing fields, he is involved in the production of virtual currency partnerships. He brings this wealth of knowledge and experience to KINGS as a marketing advisor.

Victor Chow

Victor Chow

A co-founder of TiENPAY, Victor Chow has also served as COO (Chief Operations Officer) at the major Chinese smartphone maker Huawei. He has over 28 years of experience in business management in the Asian Pacific, European and North American regions which includes strategic planning, business development, sales, marketing, and global operations management. In addition to a particularly deep understanding of FinTech, he brings his strategic advice and technical support capabilities to the KINGS project.

Dr. Joseph Wang

Dr. Joseph Wang

A graduate of the Massachusetts Institute of Technology (MIT), Joseph is the manager of a Hong Kong startup and a financial institute researching ICO development and blockchain technology to support the "One Belt One Road" ecosystem. He is currently involved in the development of smart contract and blockchain code, digital transactional currency, and Hong Kong options.

David. H. Tamaki

David. H. Tamaki

In 2001 Hideki Tamaki served as a founding member and director of a company that developed RFID solutions and online payment systems. He also engaged in the EC system of a major communication mobile carrier company, the account settlement agent system of an online credit card, and the marketing related to RFID card. His company was listed on the Tokyo Stock Exchange Mothers in 2007. He went on to explore the field of finance based company in Hong Kong and Macau, and took up a post as CEO of Hong Kong Sky King International Investment Ltd which is a vendor of block chain payment solutions.

B. K. Shin

B. K. Shin

Since 2003, he has been working as a consultant in the largest leisure group in Korea. He also executes marketing with leading companies and VIPs. B.K. established an IMC Fin-Tech company in 2017. IMC is currently conducting business based on exchange market analysis systems, trading bots, and has various block chain ecosystems. He is planning to link BaaS with block chain to an existing industry. Furthermore, he is developing an Exchange Portal. He will be also taking on a role responsible for Korean marketing for KINGS.

Richard Chen

Richard Chen

Richard is the Vice President of WELLDONE GROUP. He is an original founding member and served as Executive Vice President of WELLDONE COMPANY. WELLDONE GROUP was listed on the Taiwan Stock Exchange, OTC, in 2002. This is a general trading company that holds the top share in TOSHIBA lithium batteries and prepaid cards for overseas calls.

At KINGS, his role will be as an advisor to share his rich knowledge experience in Marketing and Finance.